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April 10th, 2014, 11:06 AM   #1
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Continuously...

After 1 year:
100,000 @ 6% annual cpd. continuously = 106,183.65
100,000 @ 6% annual cpd. daily = 106,183.12 (using 360 days)

Difference: 53 cents !

So don't be "lured" by the sound of "continuous"
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April 10th, 2014, 12:06 PM   #2
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6%, however it's calculated, would lure me!
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April 10th, 2014, 12:37 PM   #3
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Originally Posted by Pero View Post
6%, however it's calculated, would lure me!
I doubt we will see that again. Sometime within the past 30 years the powers that be figured out that people should be encouraged to spend money , that way the money stays in circulation , always exchanging hands and 'they' get a cut on every recorded transaction.

This is to everyone's benefit , you can't run a big superpower country without big government.

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April 10th, 2014, 08:43 PM   #4
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Originally Posted by agentredlum View Post
I doubt we will see that again. Sometime within the past 30 years the powers that be figured out that people should be encouraged to spend money , that way the money stays in circulation , always exchanging hands and 'they' get a cut on every recorded transaction.
This is to everyone's benefit , you can't run a big superpower country without big government.
Righto!
Say savings rates go up 4% from 2% ro 6%; people like Pero(!) will have
more money to help "they", but loan rates will go up probably by 5%, and
the borrowers will have less to help "they", the "less" exceeding the "more",
thus "they" will be p*ssed off!!
If ya'll not sure what I'm saying, neither am I
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